Form 4: PG&E Corp Director Leo P. Denault Reports Acquisition of Phantom Stock
SEC Form 4 Filing
Director Leo P. Denault reports acquisition of phantom stock in PG&E Corp through deferral of compensation.
Summary
- Leo P. Denault, a director of PG&E Corp, reported the acquisition of 795.52 shares of phantom stock on March 31, 2025.
- The phantom stock was acquired through deferral of compensation under the Deferred Compensation Plan for Non-Employee Directors.
- Each share of phantom stock is the economic equivalent of one share of common stock and becomes payable in cash upon the director's termination of service.
- The price of the phantom stock is $17.18 per share.
- Following the transaction, Denault beneficially owns 795.52 shares of phantom stock directly.
Sentiment
Score: 7
Explanation: The document is a neutral regulatory filing. It indicates standard compensation practices for a company director.
Future Outlook
Not applicable.
Industry Context
This filing is a routine disclosure related to director compensation and stock ownership, common in publicly traded companies.
Stakeholder Impact
- The transaction has a minimal direct impact on stakeholders, as it relates to director compensation.
Key Dates
| Date | Description |
|---|---|
| 03/31/2025 | Date of transaction: Acquisition of phantom stock |
| 04/02/2025 | Date of report filing |
Keywords
phantom stock, director, PCG, PG&E Corp, Form 4, beneficial ownership, deferred compensation
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